July 28, 2011

CHICAGO, July 28, 2011 /PRNewswire/ -- Jones Lang LaSalle announced today that HSBC is renewing its five-year, integrated real estate services contract with the firm for its eight-million-square-foot portfolio in the United States and is expanding the geographic scope to include an additional two-million-square-foot portfolio in Canada. Jones Lang LaSalle has received a letter of intent from HSBC and full contract execution is expected in the following weeks. This expanded relationship continues to support HSBC's strategy of creating capacity for smart growth through the reduction of costs by standardizing processes and leveraging its global scale.

Jones Lang LaSalle has been a real estate advisor to HSBC in North America since 1998, and also manages part of HSBC's retail bank locations and office portfolios in Latin America. HSBC also appointed Jones Lang LaSalle as one of two strategic regional transaction partners and the firm will also serve its Asia Pacific and MENA regions.

Jones Lang LaSalle has formed an integrated team of experts, led by Ed Cannon, Bryan Jacobs, John Minks and Bill Thummel, to serve the expanded account responsibilities in the Americas for HSBC.